FiscalNote helps business keep track of government

FiscalNote Inc. has built an online software platform that uses natural language processing and machine learning to aggregate, customize and predict upcoming government legislation and deliver relevant information and analysis to business, nonprofit and government customers.

How it makes money

FiscalNote sells its services through monthly subscriptions.

Business/technology it could disrupt

The company says it may disrupt the government affairs divisions of medium and large enterprises, policy analysis practices of law and consulting firms, research divisions within publishing companies, and intergovernmental affairs departments within government agencies.

Management team

Co-founder and CEO Tim Hwang was previously president of the 750,000-member National Youth Association. Co-founder and Chief Technology Officer Jonathan Chen was previously a tech intern at Taiwan’s National Center for High Performance Computing and a tech assistant at Bloomberg. Co-founder and Chief Financial Officer Gerald Yao worked previously at the National Institutes of Health.

Advisers

Chris Lu, the former chief Cabinet liaison for President Barack Obama; Y.S. Chi, chairman of Elsevier BV and president of the International Publishers Association.

Money sought

$740,000.

Partnerships, affiliations

FiscalNote is now participating in Plug and Play Tech Center’s Startup Camp.

Market potential

The policy analysis market is worth about $30 billion, according to Followthemoney.org.

Likely competitors

News organizations, including the Washington Post and Reuters; analysis and consulting firms, including Moodys; data analysis companies, including Socrata and Palantir.

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